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Japan tobacco assigns new CEO

A couple of weeks after the transfer of 30 percent stake belonging to the Ethiopian government in the National Tobacco Enterprise (NTE) SC to Japan Tobacco International, the company has assigned a new Chief Executive Officer (CEO) to spearhead its operation in Ethiopia, it was learnt.

Gov’t withdraws from tobacco investment

The Government of Ethiopia has decided to transfer its last remaining 30 percent stake in the National Tobacco Enterprise to the Japanese tobacco giant Japan Tobacco International (JTI) at a total cost of 434 million dollar, The Reporter has learnt.